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SmartCentres Real Estate Investment Trust (SmartCentres Real Estate Investment Trust) EBIT : $403.2 Mil (TTM As of Mar. 2024)


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What is SmartCentres Real Estate Investment Trust EBIT?

SmartCentres Real Estate Investment Trust's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $16.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $403.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SmartCentres Real Estate Investment Trust's annualized ROC % for the quarter that ended in Mar. 2024 was 3.92%. SmartCentres Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1,122.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SmartCentres Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.17%.

SmartCentres Real Estate Investment Trust EBIT Historical Data

The historical data trend for SmartCentres Real Estate Investment Trust's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SmartCentres Real Estate Investment Trust EBIT Chart

SmartCentres Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 402.03 192.61 881.97 576.73 499.69

SmartCentres Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 110.75 155.97 189.55 41.10 16.60

Competitive Comparison of SmartCentres Real Estate Investment Trust's EBIT

For the REIT - Retail subindustry, SmartCentres Real Estate Investment Trust's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SmartCentres Real Estate Investment Trust's EV-to-EBIT Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SmartCentres Real Estate Investment Trust's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SmartCentres Real Estate Investment Trust's EV-to-EBIT falls into.


SmartCentres Real Estate Investment Trust EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $403.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SmartCentres Real Estate Investment Trust  (OTCPK:CWYUF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SmartCentres Real Estate Investment Trust's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=360.892 * ( 1 - 0% )/( (9106.928 + 9311.901)/ 2 )
=360.892/9209.4145
=3.92 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8874.047 - 180.108 - ( 25.897 - max(0, 640.253 - 227.264+25.897))
=9106.928

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=8754.567 - 187.988 - ( 29.116 - max(0, 997.027 - 251.705+29.116))
=9311.901

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

SmartCentres Real Estate Investment Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=66.384/( ( (3.106 + max(-125.9, 0)) + (8.723 + max(-308.225, 0)) )/ 2 )
=66.384/( ( 3.106 + 8.723 )/ 2 )
=66.384/5.9145
=1,122.39 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.276 + 38.55 + 11.217) - (180.108 + 8.835 + 0)
=-125.9

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(13.405 + 43.486 + 15.604) - (187.988 + 8.647 + 184.085)
=-308.225

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SmartCentres Real Estate Investment Trust's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=403.21/6538.290
=6.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SmartCentres Real Estate Investment Trust EBIT Related Terms

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SmartCentres Real Estate Investment Trust (SmartCentres Real Estate Investment Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » SmartCentres Real Estate Investment Trust (OTCPK:CWYUF) » Definitions » EBIT
Comparable Companies
TSX:CHP.UN TSX:CRT.UN TSX:FCR.UN TSX:REI.UN TSX:PMZ.UN TSX:SGR.UN TSX:PLZ.UN TSX:FCD.UN SPG O KIM XPAR:URW HKSE:00823 REG ASX:SCG SGX:C38U FRT XPAR:LI NNN BRX
Traded in Other Exchanges
C7J1:Germany SRU.UN:Canada
Address
3200 Highway 7, Vaughan, ON, CAN, L4K 5Z5
Website
https://www.smartcentres.com
SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under its wholly-owned residential sub-brand, SmartLiving. The Trust develops, leases, constructs, owns and manages shopping centres, office buildings, high-rise and low-rise condominiums and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada.

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